The C.E.C. Palace is the former headquarters of the national savings house. The great building is located in Bucharest and was finalized in 1900. In the future it will host the Art Museum of the capital city. In its place, before it was built, were the ruins of the monastry St. John the Great built in the 16th century, renovated by Constantin Brancoveanu in 1702 – 1704 and demolished in 1875.
The public savings institutions – Casa de Depuneri, Consemnatiuni si Economie (C.E.C.) – is the oldest bank in Romania and was founded in 1864 under Alexandru Ioan Cuza and the foundation stone was laid in the presence of King Carol I and Queen Elisabeta.
The designer of the project was the French architect Paul Guttereau and the construction supervised by the Romanian architect Ion Socolescu. The institution has an electic style and combines different materials. The great building was sold to the municipality after more than 100 years because it wasn’t adequate for the modern banking needs.
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